Fortuna Silver Mines (TSE:FVI) PT Raised to C$8.00 at CIBC

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its target price boosted by CIBC from C$7.00 to C$8.00 in a research report released on Monday, BayStreet.CA reports.

Other equities research analysts have also issued reports about the stock. BMO Capital Markets decreased their target price on shares of Fortuna Silver Mines from C$7.00 to C$6.50 in a research report on Friday, March 8th. National Bankshares decreased their price target on Fortuna Silver Mines from C$5.35 to C$5.00 in a report on Tuesday, March 12th.

Fortuna Silver Mines Stock Performance

TSE:FVI opened at C$6.23 on Monday. The firm’s fifty day moving average price is C$4.77 and its 200 day moving average price is C$4.62. Fortuna Silver Mines has a 1-year low of C$3.56 and a 1-year high of C$6.80. The company has a debt-to-equity ratio of 20.51, a current ratio of 1.37 and a quick ratio of 1.15. The firm has a market cap of C$1.91 billion, a price-to-earnings ratio of -27.09 and a beta of 1.66.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last posted its quarterly earnings data on Wednesday, March 6th. The company reported C$0.10 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.01). The firm had revenue of C$361.23 million during the quarter. Fortuna Silver Mines had a negative net margin of 6.03% and a negative return on equity of 3.39%. On average, sell-side analysts expect that Fortuna Silver Mines will post 0.1223118 EPS for the current year.

Insiders Place Their Bets

In other news, Senior Officer David Whittle sold 5,421 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of C$4.91, for a total transaction of C$26,617.11. In related news, Senior Officer Eric Chapman sold 48,900 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of C$6.41, for a total transaction of C$313,375.65. Also, Senior Officer David Whittle sold 5,421 shares of the stock in a transaction on Friday, April 12th. The stock was sold at an average price of C$4.91, for a total value of C$26,617.11. 0.77% of the stock is owned by company insiders.

Fortuna Silver Mines Company Profile

Fortuna Silver Mines Inc engages in the precious and base metal mining in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It operates through Mansfield, Sanu, Sango, Cuzcatlan, Bateas, and Corporate segments. The company primarily explores for silver, lead, zinc, and gold. Its flagship project is the Séguéla gold mine, which consists of approximately 62,000 hectares and is located in the Worodougou Region of the Woroba District, Côte d'Ivoire.